Fannie Mae has already approved a number of projects. Click here for the full list of fnma approved projects. Through discussions with some fellow Massachusetts real estate professionals, the impact here in the Bay State is not as bad as some of the harder hit states, but it’s proving to be a major thorn in many transactions.
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FHA Condo Approval Specialist: Fannie Mae Revises Policy of 6-Month Condo Priority Lien. In fact, a lender runs the risk of being "foreclosed out" if the HOA begins a foreclosure and there is no equity left over to pay the lender. Often, the lender will pay the delinquent common charges and add them to the unit owner’s mortgage loan amount.
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A home flip is a "normal" part of the real estate market and can add value to properties, says Amy Heinz, managing director of Fannie Mae’s Mortgage Fraud Program.. Home Flipping Is on the Rise May 18, 2016.
The real estate marketing firm RealtyTrac reports 234,685 properties. RealtyTrac, a real estate marketing firm, reports foreclosure filings fell to 127,790 in June,. Analysts cite the growing job market. The increased activity isn't caused by new problems in the housing market but is a hangover from the housing crises.
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Fannie Mae has owner occupancy requirements in place for some of the homes it sells to encourage homeowners to buy the properties before investors. Occupancy rules usually apply to homes during at least the first two weeks of the initial listing, before non-occupant investors can have their bids considered.
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